Return to oil production cuts in 2019 cannot be ruled out: OPEC sources
A return to oil production cuts by OPEC and its allies next year cannot be ruled out, two OPEC sources said on Wednesday, to avert a possible supply glut that Continue Reading
Can We Expect A New Round Of Oil Production Cuts Next Year?
Saudi Arabia and Russia have started bilateral consultations on whether they should start cutting oil production again in 2019, Russian news agency TASS reported on Wednesday, citing an OPEC source Continue Reading
Saudi Arabia, Russia should cut ‘at least 1 mil b/d instantly’: OPEC delegate
Saudi Arabia and Russia, both of whom have boosted their crude output in recent months, were responsible for a $15/b drop in the price of oil and “should cut at Continue Reading
The Trojan Horse In Oil Markets
The U.S. sanctions on Iran are not biting yet, as global oil markets are well supplied. In the coming weeks, Iranian crude volumes should show a decline. At the same Continue Reading
Iran Wants OPEC Oil Production Monitoring Committees Scrapped
Iran is calling on OPEC to have its two committees set up to monitor compliance with the OPEC+ deal and review the state of the oil market stop working immediately, Continue Reading
Saudi Arabia, UAE set all-time crude output highs as OPEC Oct total dips to 33.04 mil b/d: Platts OPEC survey
Iran falls 210,000 b/d ahead of sanctions Saudi Arabia produces 10.67 mil b/d Libya pumps most since June 2013 London — Sanctions-hit Iran’s accelerating production decline nudged down OPEC’s October Continue Reading
U.S. And OPEC Flood Oil Market Ahead Of Midterms
OPEC and the U.S. are together adding enormous volumes of new supply, which together have softened the oil market. In October, OPEC hiked oil production to the highest level since Continue Reading
OPEC oil output rises to highest since 2016 despite Iran: Reuters survey
OPEC has boosted oil production in October to the highest since 2016, a Reuters survey found, as higher output led by the United Arab Emirates and Libya more than offset Continue Reading
Russian energy minister Novak: No need to freeze or cut oil output levels
Russian Energy Minister Alexander Novak said on Saturday there was no reason for Russia to freeze or cut its oil production levels, noting that there were risks that global oil Continue Reading
The week in energy: Saudi Arabia seeks investment, Opec goes flat out and New York sues Exxon
As a succession of international business and political leaders withdrew from Saudi Arabia’s Future Investment Initiative conference over the death of US-resident journalist Jamal Khashoggi, there was speculation that the event Continue Reading